FX Alerts™
The Three "P's" You Must Have
To Be A Success
Plan
I'll
stick my neck out and say
"I
guarantee you'll fail if you don't have
a plan"
This
has been proven time after time –
including one study (of Harvard Graduates)
that suggests that a written plan will increase
your success to 92.3% or more (over those
with no written plan)
Isn't
that amazing?!
So,
I've go to great trouble and length to make
sure you have all the resources you need
to make your plan.
1.
FX Alerts – you'll have my
trade-by-trade system delivered right you
your email box.
2.
An 8 hour Home Study Course – divided into "easy
to digest" chunks of 30 minutes –
that you can download right to your computer.
You'll have entry techniques (including
how to avoid the disaster most breakout
traders suffer through), money management,
and even three "ready to trade"
systems dissected like a corpse on CSI...
3. 4 hours of my private coaching sessions where you'll get
a taste of the
very private (and very pricy) private
coaching sessions I make available
to a select few – yours for the taking
and…
4. Regular updates, charts and trading insight.
All
designed to give you the profitable trades
plus the ability to construct a plan to
take the FX market on all by yourself –
without getting terrorized.
I
suggest using a demo account for the first
6 months, enough time to have 100 trades
with a net profit. That way you'll know
that you have the discipline to stick to
the trading plan and risk real money.
But,
I have to warn you – live trading
is nothing like demo trading. You'll have
all the pshychological pressure of your bills, your family,
and your ego on the line.
Use
the Demo account
to "fine tune" your skills if
you fall into a rut.
But
always keep in mind that losing money is
all part of the game, which leads me right
to…
Patience
Don't
let a single day, week or month throw you
off. It is not uncommon to be in a drawdown
for 2-3 months!
That
means you don't make on dime of new profit
until the third month (maybe more)!
I
know that doesn't sound like what you read
in 90% of the sales literature out there,
but it is the harsh reality of trading.
And
if you think that you'll be better than
the 90% of traders that lose their entire
account – think again – especially
if you don't have a plan and the patience
to let it run the course.
Here's
why:
If
you own Tradestation, you can test a system
over a few months or a year or two in moments,
right?
(by
the way, the HarmonicZones is available
for Tradestation)
Now
what the average trader will do is take
that 'backtest' information and throw 99%
of the good information into the
trash heap. Things like
·
Longest drawdown (peak to peak)
·
Largest losing trade
·
Largest winning trade
·
Largest losing trade as a % of gross profit
·
Largest winning trade as a % of gross profit
·
Max trade value
·
Profit factor
·
And more…
Without
this information your backtest is worse
that useless – it is deadly!
…Because
you're probably looking at one number (or
maybe two) win loss ratio or total net profit.
That's
because you've been 'brain washed' by systems
designers to only look for those two numbers!
So
what if your system wins 80% of the time
– if each win is less than
the loss including carry charges, broker
fees, slippage, chart/data feed costs (?),
software fees (??) and bills (???)
"What? Chart fees? Software? Bills? That's
got nothing to do with trading," you
shout.
And
that's the difference between the trader
that will win long term – and you.
The Pro will take all his costs of business
into account, and if the system can't pull
in profits above that figure – it's
a dud.
Think
about it. If your trading system makes $50,000
a year, and your
bills are $50,000 a year – you've
got a pretty good job… but one mistake
and you're in big, big trouble.
Not
to mention the trading systems that
are 80% profitable, but get killed
the second you try and account for slippage.
…Or
the system that makes all (or most) of it's
money in two or three trades
…Or
the system that is optimized for the past
but has virtually zero chance of
guiding you in the months to come
Your
One Chance
You
might even be asking "Is this even
possible, or is everybody full of
crap?"
I'm
telling you it is possible. IF
you do it right, take your time, buckle
down and do the work. (my job as coach is
to help you stay on track)
Anyway.
Back to my example. Remember? Patience
If
you devise a strategy based on a year of
trade data, how can you judge it in under
a year? Or if you've used 3 months, don't
you have to give the system at least
three months to prove it self?
I
will not test less than 1 year and frequently
test much longer periods 5, 10 and 20 years.
Then analyze the data to see where my drawdown
happens, for how long and how much. Then
I decide if the system is worth trading.
In
the end, past performance is NO GUARANTEE
of future results. You just have to be
patient and trade every signal.
Performance
Here's
a challenge: Find one (living) top athlete,
business man or woman, or politician that
has never a coach. If you can do that –
I'll pay you $100 and wish you the best
on your own.
But
my guess that you – just like the
Tiger's, MacEnroe's,
Elway's, and Roosevelt's
of the world – need a coach. Someone
to help keep you on track, answer questions
and be your cheerleader.
I
have many resources to help you trade at
peak performance - printed newsletters,
email alerts, home study courses and hands
on coaching programs.
Do
you think that you can be the one trader
in history that makes a fortune without
getting help, without learning from someone
else? If so, then I wish you well.
If
not, then I'd be honored for the chance.
Click here for details
on my Forex Guild Insider's Club
Yours
for Massive Profits.
Maceo
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